Tag Archives: highest

Playa Vista Isle Shatters Records: Highest Sale Price Ever In Broward County And Highest Auction Sale Ever In The U.S.

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Concierge Auctions delivers global attention and record results for the most expensive home ever to hit the auction block

New York, NY – Nov. 16, 2018 (PRNewswire) Playa Vista Isle in Hillsboro Beach, Florida, previously offered up to $159 million, created a bidding war among 11 buyers and successfully sold at auction last night through leading global firm Concierge Auctions in cooperation with ONE Sotheby’s International Realty. When closed, the transaction will represent the highest price ever achieved for a U.S. home at auction and the highest sale ever in Broward County.

Concierge Auctions Logo

The global exposure generated by Concierge Auctions in the six weeks prior to auction resulted in over 1,800 inquiries and 29 viewings by interested buyers — a tremendous result for a property of this caliber. The winning buyer is a past client of Concierge.

“I hired Concierge Auctions because their reach to the most elite buyers across the globe is unsurpassed, and I’ve been equally impressed by the attention to detail and business acumen of their entire organization,” state the seller, Robert Pereira. “If I had the chance to sell this property again, Concierge Auctions would be my first call. They are the best organization in the world to produce the highest price for one-of-a-kind properties in an efficient manner.”

“The auction process continues to break records across every high-end asset class, and we’re pleased to be the leader in the real estate sector,” stated Concierge president Laura Brady. “Three months ago RM Sotheby’s set a record for the most expensive car ever sold at auction for $58 million, and just last night Christie’s smashed the record for a work by a living artist when it sold David Hockney’s “Portrait of an Artist (Pool with Two Figures)” for $90.3 million. It’s an exciting time for the industry.”

Playa Vista Isle

Playa Vista Isle is the only Ocean-to-Intracoastal Waterway estate on the Gold Coast to offer 500± feet of private oceanfront beach and two concrete deep-water yacht docks. The 5± acre estate was completed in 2018 and features 11 bedrooms, 22 bathrooms, and 22-karat gold leaf gilding throughout. Additional amenities include the world’s first private 3D-IMAX© in-home theater; 20-car garage with secure tunnel access; 3,000± bottle wine cellar with individually-controlled temperature and humidity secured by biometric access with adjacent tasting room; 4,500-square-foot heated infinity edge pool; oversize Jacuzzi perched 40± feet above the ocean featuring unobstructed panoramic views of the horizon; 13 water features including six waterfalls; and a putting green. The property also includes an adjacent lot that can accommodate an additional structure, garden area, or recreational facility. With its world-class finishes, Playa Vista Isle has been awarded the “World’s Best Property,” “Best Residential Property-Florida,” and “Best Architecture Single Residence-Florida” by the International Property Awards.

About Concierge Auctions

Concierge Auctions is the largest luxury real estate marketplace in the world, powered by state-of-the-art technology. Since its inception in 2008, the firm has generated billions of dollars in sales, broken world records for the highest priced homes ever achieved at auction, and is active in 38 U.S. states/territories and 20 countries. Concierge curates the most prestigious properties globally, matches them with qualified buyers, and facilitates transparent, market-driven transactions in an expedited timeframe. The firm owns arguably the most comprehensive and intelligent database of high-net-worth real estate buyers and sellers in the world. It has been named one of America’s fastest-growing companies by Inc. Magazine for the past five years, and has contributed over 100 homes to-date as part of its Key for Key® giving program in partnership with Giveback Homes, which guarantees that for every property the company sells, a new home will be built for a family in need. For more information visit ConciergeAuctions.com.

Contact:

Chanelle Kasik
Chanelle@relevanceinternational.com
212-257-1500

West Coast Sellers See Biggest Gains on Home Sales

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– Home sellers in San Jose sold their homes for 54 percent more than they paid, for a median gain of $296,000

– Nationally, home sellers in 2017 made about $39,000 after owning their homes for eight and a half years. That’s a profit of about 21 percent.

– San Jose, where sellers are making the biggest profits, is seeing the fastest home value appreciation and the biggest declines in inventory.

– Most sellers are also trying to buy another home at the same time they are selling.

Seattle, WA – June 26, 2018 (PRNewswire) Through 2017, the West Coast saw some of the biggest home value increases over the past decade, and home sellers are seeing big profits as a result.

Nationally, home sellers last year made nearly $39,000, or 21 percent, when compared with what they originally paid for the home, according to a Zillow® analysis(i). The typical seller had lived in their home for 8.4 years before selling it.

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In San Jose, Calif., the typical home sold in 2017 earned the sellers 54 percent more than they originally paid for it nine years earlier, the highest profits of the metros analyzed. In the San Jose and San Francisco metros, sellers made more than the median value of a typical U.S. home.

A short supply of homes for sale has kept upward pressure on home prices, especially in markets where available homes are hardest to find. The profits are welcome news for home sellers who are able to cash in on higher home prices, but demonstrate how difficult the market is for buyers. It is increasingly common for homes to sell for more than the listed price – in 2017, nearly a quarter of all homes sold for more than the asking price, up from 18 percent in 2012(ii).

“In a housing market that’s been plagued by low inventory and increasing demand, homeowners in the nation’s hottest markets have been able to cash in when they sell their homes,” said Zillow Senior Economist Aaron Terrazas. “A home is typically the biggest investment someone makes, and it’s paid off for longtime owners in many markets across the country. Today’s typical seller bought in 2010 – just before the national housing market bottomed out in 2012. Of course, these sellers typically are buyers as well, but the profits from the sale of their former home give them an advantage over first-time buyers who may be coming in with smaller down payments.”

Nashville sellers sold their homes for a median of 34 percent more than they paid for it, the fifth highest percent gain among the markets Zillow analyzed. They made these profits faster than markets where home sellers saw larger returns – sellers in markets that saw bigger gains than Nashville sellers had owned their homes for at least a year longer before selling.

Most sellers – 71 percent – are simultaneously trying to buy their next home(iii). In 25 of the markets analyzed, the profits sellers made are not enough for a 20 percent down payment on the median home in that same area. Sellers only made enough to cover a down payment in places where they saw the biggest percent gains on the sale.

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Zillow

Zillow is the leading real estate and rental marketplace dedicated to empowering consumers with data, inspiration and knowledge around the place they call home, and connecting them with great real estate professionals. In addition, Zillow operates an industry-leading economics and analytics bureau led by Zillow Group’s Chief Economist Dr. Svenja Gudell. Dr. Gudell and her team of economists and data analysts produce extensive housing data and research covering more than 450 markets at Zillow Real Estate Research. Zillow also sponsors the quarterly Zillow Home Price Expectations Survey, which asks more than 100 leading economists, real estate experts and investment and market strategists to predict the path of the Zillow Home Value Index over the next five years. Launched in 2006, Zillow is owned and operated by Zillow Group, Inc. (NASDAQ: Z and ZG), and headquartered in Seattle.

Zillow is a registered trademark of Zillow, Inc.

(i) This analysis only looked at homes that were sold by individual sellers in 2017, and didn’t sell twice within a 60 day period. Only markets with at least 100 transactions were included.

(ii) https://www.zillow.com/research/home-sales-above-list-price-17875/

(iii) https://www.zillow.com/report/2017/sellers/typical-american-home-seller/

The U.S. States With The Highest Energy Costs

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Source: statista.com

Last Thursday, President Trump lit the national Christmas tree in Washington, wishing everyone a very merry Christmas. Trump remarked about the unseasonably warm weather which was hovering in the mid-50s, saying it the best it’s been in the past 25 years. That hasn’t lasted with temperatures dropping sharply this week. That December reality will force many Americans to push their home heating systems up to full power. That prompts the question: which parts of the country will have the highest energy bills this winter?

Energy costs can account from anywhere from 5 to 22 percent of a families’ total after-tax income with the nation’s 25 million poorest households paying biggest slice of their earnings towards electricity and heating. Earlier this year, WalletHub analyzed monthly electricity, natural gas, motor fuel and heating oil to calculate energy costs by state. As soon as winter really bites, people in Connecticut face the highest monthly energy costs at $380. Alaska has far more brutal winters and the bill there averaged $332 every month. More northeastern states come third and fourth with Rhode Island and Massachusetts residents facing bills in excess of $320. Washington state and DC are at the opposite end of the scale with energy costs only averaging $226 and $219 respectively by comparison.

US Energy Costs Infographic